# Kaatsch receives antitrust approval to acquire 51% stake in Prometall

The German Federal Cartel Office approved the acquisition of a 51% stake in Prometall GmbH by Kaatsch, a Scholz subsidiary and scrap metal trader based in Plochingen, Germany. The approval was announced on January 25, 2023.

- Type: Acquisition
- Announced: 2023-01-25
- Where: Fellbach, Germany, Germany
- Status: announced
- Products: scrap metal, metal recycling
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Kaatsch](https://endata.com/companies/64612.md) (acquirer)
- [Prometall](https://endata.com/companies/64613.md) (target)
- [Scholz Group](https://endata.com/companies/64614.md) (investor)

## Sources

- [euwid-recycling.de](https://www.euwid-recycling.de/news/wirtschaft/kartellamt-genehmigt-kaatsch-uebernahme-von-prometall-250123/), 2023-01-25: "Freigabe erteilt: Die Scholz-Tochter Kaatsch darf 51 Prozent der Anteile der Prometall GmbH übernehmen."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.